Page 22 - PowerPoint Presentation

Example 1

• CharterQuest is a registered VAT vendor. The CEO

of CharterQuest, Mr. Nti felt that he deserved to

drive a luxury vehicle after his recent promotion as

CEO. Therefore, CharterQuest decided to buy a

BMW 325 for Mr. Nti. CharterQuest bought the

BMW from Alberante BMW and paid R285 000 for

the vehicle. Mr. Pepper will be responsible for all

costs relating to the maintenance and repair of the

vehicle. Mr. Pepper used the car for 2 months.

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